Capital First panel clears raising Rs 400 cr via NCDs

New Delhi, Dec 8 (PTI) Non-banking finance firm CapitalFirst today said its debenture committee has approved aproposal to raise up to Rs 400 crore ...

New Delhi, Dec 8 (PTI) Non-banking finance firm CapitalFirst today said its debenture committee has approved aproposal to raise up to Rs 400 crore through issuance of non-convertible debentures (NCDs) on private placement basis.

"The debenture committee...has inter-alia approved anissue of rated, listed, secured, redeemable, non-convertibledebentures of Rs 100 crore plus green shoe option of Rs 300crore on private placement basis," Warburg Pincus-backedCapital First said in a BSE filing.

The NCDs will mature on December 8, 2022 and carry couponrate of 8.25 per cent per annum.

Shares of Capital First were trading 0.90 per cent higherat Rs 698 per scrip on BSE. PTI SVKANU.

This is unedited, unformatted feed from the Press Trust of India wire.

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